Today: 13 May 2026
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ASX:DGT 29 November 2025

Australian Stock Market Wrap 28–29 November 2025: ASX 200 Ends Week Higher as Inflation Jitters and APRA Loan Caps Loom

Australian Stock Market Wrap 28–29 November 2025: ASX 200 Ends Week Higher as Inflation Jitters and APRA Loan Caps Loom

The S&P/ASX 200 closed down 3.2 points at 8,614.1 on Friday, nearly flat, but posted a 2.35% gain for the week. HMC Capital jumped 9% and Temple & Webster rose 7.4%, while Eagers Automotive fell 3.7%. The All Ordinaries gained 2.68% for the week. Persistent inflation and new lending curbs weighed on sentiment.

Stock Market Today

  • Live Cattle Futures Slide Amid Quiet Cash Trade and Rising Active Screwworm Cases
    May 13, 2026, 1:01 PM EDT. Live cattle futures fell $1.70 to $2.80 across front months, with feeder cattle down $2.50 to $7.30. Cash trade remained quiet, marked by bids around $260. USDA reported Tuesday's federally inspected cattle slaughter at 108,000 head, slightly up from last week but below last year. Wholesale boxed beef prices shifted, with Choice boxes down 49 cents to $390.73 and Select boxes 22 cents lower at $391.27. The USDA APHIS update noted 1,701 active New World Screwworm cases in Mexico, including 139 cases near the U.S. border in Tamaulipas. The CME Feeder Cattle Index dropped $1.48 to $374.37 on May 11. These factors combined to pressure the cattle market on Tuesday, reflecting ongoing supply and health concerns.

Latest articles

UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

13 May 2026
UiPath Inc. shares dropped 5.9% to $9.42 on Wednesday, with trading volume above 22 million, after the company launched a new integration for AI coding agents but investors waited for clearer demand signals ahead of its May 28 earnings call. UiPath reported fourth-quarter revenue of $481 million, up 14%, and reached full-year GAAP profitability for the first time.
Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

13 May 2026
Wolfspeed shares surged over 21% to $65.13 Wednesday, with trading volume exceeding 18 million shares and market value reaching $2.55 billion. The rally followed Citrini Research’s endorsement, tying Wolfspeed’s silicon carbide chips to rising AI data-center demand. Wolfspeed reported a $120 million net loss last quarter and expects negative gross margins to continue. Some analysts remain cautious despite the stock’s recent gains.
LinkedIn Layoffs 2026: Why Microsoft’s Job Cuts Hit Even as Revenue Grows

LinkedIn Layoffs 2026: Why Microsoft’s Job Cuts Hit Even as Revenue Grows

13 May 2026
LinkedIn will cut about 5% of its workforce, affecting roles in marketing, engineering, and product teams, according to internal memos and sources. The move comes as LinkedIn reported a 12% revenue increase last quarter and surpassed 1.3 billion members. The company has over 17,500 employees worldwide. Microsoft shares were little changed following the news.

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Red Cat Stock Sinks as Discounted $225 Million Sale Tests Drone Boom Thesis

Red Cat Stock Sinks as Discounted $225 Million Sale Tests Drone Boom Thesis

13 May 2026
Red Cat priced 23.94 million new shares at $9.40, raising about $225 million and sending RCAT down 12% in premarket trading. The new shares represent nearly 20% dilution for existing holders. Q1 revenue surged 849% to $15.5 million, but the company posted a $26.6 million net loss and used $31.9 million in operating cash. Proceeds are for general corporate purposes, not a specific project.
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